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GLADSTONE'S $42 million waterfront redevelopment is halfway to completion with installation of key facilities well under way.

The Gladstone Coal Exporters Maritime Precinct will provide a world-class esplanade for residents and visitors to enjoy.

After a year of below-ground-level and structural work, the installation of key infrastructure including the water play park, shade structures and public amenities is now visible.

The waterfront boardwalk and viewing platform are also taking shape and will offer the ideal vantage point to enjoy Auckland Creek and the entrance to the marina.

Wiggins Island Coal Export Terminal is contributing $35 million toward the waterfront project while Gladstone Ports Corporation has contributed the site and a further $7 million, is the project developer/ manager, and will operate the precinct once completed.

The next phase of the project will involve completion of the above-ground facilities and landscaping of the new parklands.

Stage one of the project also involves the moving of historical artefacts from Gladstone's Maritime Museum, including navigational buoys, anchors and bollards from the old Auckland Point Wharf.

Sea Hill Lighthouse, which was once at the northern end of Curtis Island, will be shifted to the new precinct and positioned at the end of the boardwalk.

Originally intended to open by Easter 2014, the precinct is now set to open in time for the community to enjoy the new parklands over summer.